EUR/USD: FOMC Statement and Federal Funds Rate

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The European Common Currency depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate lost 15 pips or 0.13% right after the release. The Euro continued trading at the 1.1110 level against the Greenback.

The Federal Reserve released the US Federal Funds Rate data, which came out in line with the expectations of 1.75%.

According to the official release: "Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent."


Historical Data: US Federal Funds Rate
Date01.05.1919.06.1931.07.1918.09.1931.10.19
Actual2.5%2.5%2.25%2.00%1.75%
Forecast2.5%2.5%2.25%2.00%1.75%
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/USD0.686910.6858-0.16%
EUR/USD1.11171.11058-0.10%
NZD/USD0.636010.6346-0.22%
USD/JPY108.892108.9860.09%
Oct 31, 2019 Open Positions
PairLongsShorts
AUD/USD51.3%48.7%
EUR/USD28.9%71.2%
NZD/USD73.7%26.3%
USD/JPY46.3%53.7%
Economic Calendar for Nov 1, 2019
GMTCurrencyEventForecastPrevious
12:30USDAverage Hourly Earnings m/m48.2%48.3
12:30USDNon-Farm Employment Change90K136K
14:00USDISM Manufacturing PMI49.047.8
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Actual Topics

Thu, 31 Oct 2019 12:27:52 GMT

04.11-08.11 Event Historical Reactions

As it is accustomed, the biggest reaction will be from the Canadian events. This week the Canadian Trade Balance and Employment data are getting released. Meanwhile, the Bank of England rate statement should cause a notable move of nearly twenty pips. In addition, take a look at the US ISM Non-Manufacturing PMI. The last release of the PMI caused a move

Wed, 30 Oct 2019 15:58:12 GMT

USD/CAD: BOC Rate Statement

The US Dollar appreciated against the Canadian Dollar, following the BOC Rate Statement release on Wednesday at 14:00 GMT. The USD/CAD exchange currency rate gained 42 pips or 0.32% right after the release. The Greenback continued trading at the 1.3160 level against the Greenback.

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